Victory Capital Management Inc. Has $663,000 Stock Holdings in JD.com, Inc. (NASDAQ:JD)

Victory Capital Management Inc. increased its holdings in shares of JD.com, Inc. (NASDAQ:JD) by 81.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,663 shares of the information services provider’s stock after acquiring an additional 11,539 shares during the period. Victory Capital Management Inc.’s holdings in JD.com were worth $663,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JD. FIL Ltd lifted its holdings in shares of JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after acquiring an additional 3,441,605 shares during the period. Contrarius Investment Management Ltd acquired a new position in JD.com in the fourth quarter valued at about $9,384,000. Canada Pension Plan Investment Board grew its stake in JD.com by 9.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock worth $39,887,000 after buying an additional 129,763 shares during the last quarter. Carmignac Gestion increased its holdings in shares of JD.com by 3.1% during the fourth quarter. Carmignac Gestion now owns 965,063 shares of the information services provider’s stock worth $27,874,000 after buying an additional 29,159 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of JD.com by 234.0% in the fourth quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock valued at $3,063,000 after acquiring an additional 74,269 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Trading Down 0.7 %

NASDAQ:JD opened at $28.55 on Friday. The firm has a market capitalization of $45.03 billion, a price-to-earnings ratio of 13.04 and a beta of 0.39. JD.com, Inc. has a 1-year low of $20.82 and a 1-year high of $35.69. The business’s 50-day moving average price is $26.56 and its two-hundred day moving average price is $27.88. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. During the same quarter last year, the firm earned $0.68 EPS. JD.com’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts expect that JD.com, Inc. will post 3.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on JD shares. StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a research report on Friday. Benchmark reduced their price target on shares of JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Sanford C. Bernstein lowered their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. JPMorgan Chase & Co. upgraded shares of JD.com from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $33.00 to $36.00 in a research report on Friday, August 16th. Finally, Loop Capital lowered their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average target price of $36.93.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.